IEO, ICO and IDO are some methods that aim to raise funds in the crypto space. In this article, we will provide their explanations and differences:

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IEO‍

Initial Exchange Offering refers to a crowdfunding method that is using a centralised crypto exchange platform to manage the process. It is common to exchange assets on the exchange platforms although this usually happens after the developers have gathered funds to get their initiatives off the ground. Potential investors can purchase these assets before they become accessible on the market. As potential investors, registered individuals who supplied their KYC information will be able to acquire tokens before they start trading on the open market with the help of the exchange facilitating the token sale.

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ICO‍

Initial Coin Offering refers that a firm seeks to obtain money to build a new coin, product, or service by launching an ICO. Interested investors can purchase a new cryptocurrency token produced by the firm through an initial coin offering. This token may have some usefulness in relation to the firm's product or service, or it may simply represent a stake in the company or project. Participants often need to buy a more established crypto and have a basic understanding of cryptocurrency wallets and exchanges to take part in an ICO. Also, investors have to proceed with caution and investigation while investing in them because ICOs are unregulated.

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IDO‍

Initial DEX Offering uses a decentralised exchange to facilitate the token sale. The DEX receives a crypto project's tokens, users contribute funds via the platform, and the DEX completes the ultimate distribution and transfer. These procedures are fully automated and run on the blockchain using smart contracts.